A Share Certificate is a type of investment where you deposit a certain amount of money for a fixed period of time, typically ranging from several months to several years, in exchange for a guaranteed interest rate. (It’s the equivalent of a certificate of deposit at a bank.) Benefits: Guaranteed returns: Share Certificates offer a...Read More
If you’ve been following the Silicon Valley Bank collapse in the news, you may be wondering what that means for your money here at the credit union. Bottom line: Your deposits are safe, secure, and insured. MMCCU President David Murphy explains more about this topical issue: What led to the collapse and why is it...Read More
Rollovers from a 401(k) plan to an IRA are becoming increasingly popular among people looking to manage their retirement savings more effectively. While there are many advantages to this type of rollover, there are also some disadvantages that need to be considered before making the move. “It’s important to take a look at the pros...Read More
If you’re applying for financial aid for the 2022–23 school year (typically July 1, 2022, through June 30, 2023), you should file a 2022–23 Free Application for Federal Student Aid (FAFSA®) form at www.StudentAid.Gov. The Free Application for Federal Student Aid is a form completed by current and prospective college students in the United States...Read More
MMCCU offers two programs that might help you with your holiday shopping: Holiday Club – A popular account for the holiday season. Funds saved throughout the year are transferred September 30 into your savings or checking account to be used at your discretion for the upcoming holidays. Start saving for the next holiday season October...Read More
Hey everybody, this is David Murphy, President at the Marshfield Medical Center Credit Union, and welcome to “The Credit You Deserve” podcast. In this podcast, we will cover relevant topics that impact your personal finances. You will walk away better informed about the basics of personal finances with tips and recommendations you can incorporate into...Read More
If you feel buried by credit card debt, you’re not alone. According to the research by Cleaver Real Estate, the most common type of debt among Millennials is credit card debt, with 67% carrying a balance. Of those who have credit card debt, the average amount millennials owe is $5,349. MMCCU has options to help...Read More
It’s almost time for kids to go back to school, which means school shopping is about to be in full swing. David Murphy, President at MMCCU, shares some tips on how to save money during what can be an expensive time of year for families, as well as how to use it as an educational...Read More
Trevor Neufeld, Financial Advisor at Neufeld Capital Management, will be hosting a webinar for MMCCU members at 6:00pm on Wednesday, August 24th. The topic of the Webinar is the “5 Biggest Mistakes People Make in Their 30’s” in regard to financial planning and investing for retirement! “Drawing from my experience in over a thousand client...Read More
Buy Now, Pay Later Loans (also known as BNPL Loans) are on the rise. According to CNBC, Consumers have taken on a massive amount of credit card debt in 2022, rising to $841 billion in the first three months of the year. Low unemployment paired with high inflation is thought to have contributed to this...Read More
